Friday, December 9, 2016

United Kingdom: Fitch confirms negative outlook of the notes british – Boursorama

The credit rating agency Fitch on Friday confirmed the negative outlook of the rating of the debt of the United Kingdom, which had been lowered in June following the choice of british voters out of the european Union. ( AFP/Archives / JOEL SAGET )

The credit rating agency Fitch on Friday confirmed the negative outlook of the rating of the debt of the United Kingdom, which had been lowered in June following the choice of british voters out of the european Union. ( AFP/Archives / JOEL SAGET )

the note of The debt in britain is still at “AA” with a negative outlook, implying that it could be further lowered in the coming months, according to a press release from Fitch.

The note reflects “an economy to high-income, diversified and advanced, coupled with a high level of debt of the public sector”. “At the same time, the vote on the referendum to leave the european Union opened a period of uncertainty reinforced at the policy level, institutional and economic,” adds the agency.

Fitch recognizes that there is “a wide range of possible outcomes with respect to the negotiations on the Brexit and the future of institutional relations and trade between the United Kingdom and the european Union”.

“Given this uncertainty, there is no scenario established” on the evolution of the note of the british debt, ” concludes the agency.

Fitch has also affirmed the long-term rating of “AA” of the Bank of England, as well as its negative outlook. As “arm” monetary of british sovereignty, “the profile of solvency” Boe “aligns with that of the sovereign government”, the statement said.

at the Beginning of November, the agency rival Moody’s had also warned that it could lower the note of british debt if the negotiations on the Brexit led to a loss of access to the european single market.

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